Statement re Mercedes Grand Prix Limited

LSE ANNOUNCEMENT

The International Petroleum Investment Company's subsidiary, aabar Investments PJS ("aabar"), has signed an agreement with Daimler UK Limited ("Daimler UK") pursuant to which aabar has agreed to sell to Daimler UK, and Daimler UK has agreed to acquire, all of aabar's interest in Mercedes Grand Prix Limited ("MGP") for an undisclosed sum. The sale of all of aabar's interest in MGP to Daimler UK is conditional on clearance by the German Federal Cartel Office and the Italian Autorità Garante della Concorrenza e del Mercato.